94% of Trump and Melania Tokens Concentrated in Just 40 Wallets

94% of Trump and Melania Tokens Concentrated in Just 40 Wallets

The $TRUMP and the $MELANIA tokens created through Donald and Melania Trump are mostly used by crypto-wales. An analysis of recent data shows that 94 per cent of these coins are held in just 40 wallets, which raises concerns about the fairness and distribution of digital assets.

Crypto whales dominate Trump tokens.

The TRUMP and MELANIA tokens launched just days before the election of President Trump, currently U.S. President Donald Trump, received a lot of attention from the crypto community. However, the concentration of wealth has raised questions about the fair distribution of these tokens to ordinary investors.

In reality, Chainalysis revealed that wallets holding between $10 and $1 million of these tokens comprise just 2.1 percent of the total holders. Those holding more than $1 million comprise only 1.7 percent. Contrast this with 2.2 percent of TRUMP and MELANIA token holders who hold less than $100,000 worth of the tokens.

In addition, the data from DexScreener indicates that 790,000 wallets have the TRUMP token, and 343,000 hold MELANIA tokens. Bubblemaps disputes this by claiming that 90 per cent of MELANIA tokens are kept in one cryptocurrency wallet, which raises doubts regarding the possibility of a rug Pull in MELANIA. Melania meme coin.

Consequences for Investors

The accumulation of money in the whales’ hands could be devastating. It can lead to market manipulation, increased volatility, and a decrease in trust among crypto investors. In addition, it hinders accessibility and fairness, making it difficult for those who are new to the market to fully participate in the $Trump or Melania token markets.

While it is true that the Trump and Melania meme coins have succeeded in drawing in new investors, the concentrated wealth of a handful of crypto whales has raised questions regarding the fairness and distribution of digital assets. It is yet to be determined how this will change as the market for cryptocurrency grows and matures.

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